Property Investments

There are two big changes coming to the mortgage industry, both of which could cause the cost of lending to increase for many borrowers.  The first change is coming on April 1st, and it fundamentally alters the way that loan officers are compensated.  The second big change is a shift in risk-retention requirements that is mandated under the Dodd-Frank reforms.

Under the changes, loan originators will be required to retain reserves equal to five percent of all but the safest loans.  The loans that are going to be exempted from the requirements are deemed qualified residential mortgages or QRMs.  A

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The high number of foreclosed properties, including foreclosed VA homes for sale, continues to affect California. Because of the massive foreclosure problem of the state, several of its cities have been named in Forbes’ list of most miserable regions in the U.S.

The number of foreclosed homes offered at Sacramento home auctions as well as in other foreclosure auctions held in different areas of the state has shown some decline last year, but the total number of distressed properties in the region remained one of the highest in the whole country. This resulted in several California metro areas getting ranked in the Forbes list. One of these cities happened to be Vallejo. Full Article…

There is a debate amongst economists, REALTORS and other analysts regarding the stabilization of the real estate market in 2011. According to a report in Major Metropolitan Market Forecasts in 2011 the St. Louis real estate market ranks 21 out of the 230 markets included in the House Predictor results released at the beginning of the year. Although this period continues to be very trying for home sellers it presents great opportunities for those looking to get into the St. Louis housing market. Some argue that the real estate market in St. Louis may not bottom out in 2011, while others predict that it will take another year or two before the real estate markets stabilize. Full Article…

The counties of Forsyth and Guilford recorded some of the highest foreclosure rates in the North Carolina Triad region last year. The ratio of households against foreclosed property numbers in the two counties, including foreclosed fixer upper houses, recorded some of the biggest numbers in 2010 compared with other markets in the region. Foreclosed homes in Greensboro, NC, and in the rest of Guilford County totaled 4,101 last year, giving the county a ratio of one household for every 53 being under some form of foreclosure in 2010. This is the highest foreclosure rate among the counties in the Triad area during the period, according to data presented by the Justice Center from Raleigh. Full Article…

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